Conduit Re CRO gears up for expanded role

Conduit Re CRO gears up for expanded role | Insurance Business Asia

Conduit Re CRO gears up for expanded role

Bermuda-based global reinsurer Conduit Re has announced that Andrew Smith (pictured above), currently chief risk officer, will take on an expanded role to lead the company’s climate change-related initiatives.

In his expanded role as chief risk and sustainability officer, Smith will support Conduit Re executive chairman Neil Eckert and will report to, and join, the company’s independently chaired ESG Committee.

“Climate change is an important issue for our industry and Conduit,” Eckert said. “Our approach to climate change is based on both taking positive steps to manage our own impact on the environment and engaging with wider stakeholders to promote positive change.

“Andrew is the right person to advance our climate-related initiatives, having championed environmental causes to support and actively engaged with industry groups on the topic. I look forward to developing our efforts together.”

“This is an exciting opportunity to build on what we have achieved since Conduit Re’s launch,” Smith said. “We are already highly climate-aware in our decision-making, are net carbon neutral and support transparency through participation in ClimateWise and the Sustainable Markets Initiative.

“We also support climate-related activities and causes directly through the Conduit Foundation. Action is necessary to limit the negative consequences of climate change, and we at Conduit Re want to ensure we take the steps we can as a reinsurer, investor, employer, consumer of services, and as members of both the global business community and local community here in Bermuda.”